PE firm Tillman Global Holdings (TGH) is in negotiations to invest $4-6 billion (around Rs 35,000-52,800 crore) in Vodafone Idea (Vi) and take operational control of the cash-strapped and loss-making telecom operator, as per media reports.
US PE firm TGH in talks to pump up to $6 billion into Vodafone Idea-Daily Market Update 3rd Nov 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to positive note.
- European equity markets ended in red.
- Asian equity markets are trading mix.
- GIFT Nifty is down by 50 points, Nifty futures likely to open around 25850 levels.
Benchmark Nifty index ended lower at 25722 spot levels after a cut of another 156 points from its previous closing values.
Broader markets slightly outperformed the benchmark as Mid and Small cap indices ended on a flat to negative note.
All PSU Bank index, barring PSU Banks and Oil & Gas index, settled on a negative note. Amongst them, Media and Metal index were down over 1% each, on the flip side, PSU Bank index rose 1.56%.
Nifty index has reached the lower price band of past 9 days congestion zone (25700-26100 spot levels). Going ahead, cross and sustenance below 25700 spot levels might take it towards 25400 spot levels in near term. Overall chart structure is positive till it is trading above 25350 spot levels closing basis.
Derivatives Overview & Outlook
Last Friday, Nifty and Finnifty futures moved southward on short buildup as it added 7.3% and 2.8% of open interest respectively, whereas no notable changes were observed among Banknifty and Midcapnifty future on price as well as open interest front.
All of the sectoral indices, barring PSU Banks and Oil & Gas, ended lower. Amongst them, Chemical, Finance, Power and Technology stocks witnessed maximum addition of short position, whereas some long buildup was seen in Banking Stocks.
On the option front, call writing was seen at multiple strikes, indicating resistance at higher levels. The Maximum open interest is at 27000 CE followed by 26000 CE. On the put side, the maximum positions are at 25000 PE. The options data continues to reflect negative sentiments but it is in short term oversold zone as PCR for the current week has reached 0.5.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 55 Cr in the cash segment, sold index futures worth Rs 8835 Cr and bought stocks futures worth Rs 2154 Cr. DIIs were net buyers in the cash segment to the tune of Rs 18804 Cr during this week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 26120-26200; Supports 25800-25700
Banknifty – Resistances 58400-58600; Supports 57900-57600
Finnifty – Resistances 27420-27530; Supports 27200-27100
F&O Security in Ban Today: NIL.
Important Results Today: AMBUJACEM, BHARTIARTL, CUB, GODFRYPHLP, TATACONSUM, TITAN, WESTLIFE, POWERGRID, GLAND.
Disclosure
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